Boss Energy, Paladin Energy Shares Jump as Uranium Contract Prices Rise

MT Newswires Live

01/16

Deep Yellow's (ASX:DYL) shares soared over 6% in recent trading on Friday, while those of Paladin Energy (ASX:PDN) jumped nearly 5%, reaching a 52-week peak, after long-term uranium contract prices reached $86.50 per pound, the highest since 2008, according to RBC Capital Markets.

Shares of Boss Energy (ASX:BOE) inched up 0.3%.

The investment firm said Paladin has a clear pathway to nameplate capacity by the start of fiscal year 2027. It forecast Paladin's fiscal year 2026 second-quarter production of a little over a million pounds, while fiscal year 2026 production guidance held steady at 4.4 million pounds.

RBC Capital Markets raised Paladin's price target to AU$9.50 per share.

It also forecast the fiscal year 2026 second-quarter production of 450,000 pounds from Boss Energy's Honeymoon project in South Australia.

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